NEED HELP ON PART B, PLEASE. Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2011 620 $ 32,240 4/20/2012 520 30,056 1/29/2013 720 32,832 11/02/2015 470 24,064 If Dahlia sells 1,460 shares of Microsoft for $105,120 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a.)She uses the FIFO method. (answered) Capital gain =28,232 b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain =

NEED HELP ON PART B, PLEASE. Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2011 620 $ 32,240 4/20/2012 520 30,056 1/29/2013 720 32,832 11/02/2015 470 24,064 If Dahlia sells 1,460 shares of Microsoft for $105,120 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) a.)She uses the FIFO method. (answered) Capital gain =28,232 b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain =

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter13: Comparative Forms Of Doing Business

Section: Chapter Questions

Problem 43P

See similar textbooks

Date Purchased	Shares	Basis
7/10/2011	620	$ 32,240
4/20/2012	520	30,056
1/29/2013	720	32,832
11/02/2015	470	24,064

Similar questions

Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2011 430 $ 14,190 4/20/2012 330 12,804 1/29/2013 530 14,098 11/02/2015 280 9,016 If Dahlia sells 890 shares of Microsoft for $47,170 on December 20, 2021, what is her capital gain or loss in each of the following assumptions? a. She uses the FIFO method. Capital gains? b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gains?
Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis $ 12,000 10,750 12,230 7/10/2010 400 4/20/2011 1/29/2012 11/02/2014 300 500 250 7,300 If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2020, what is her capital gain or loss in each of the following assumptions? (Do not round intermediate calculations.) b. She uses the specific identification method and she wants to minimize her current-year capital gain.
! Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares 7/10/2013 420 4/20/2014 320 1/29/2015 520 11/02/2017 270 Check my work Basis $ 13,440 12,096 13,312 8,424 If Dahlia sells 860 shares of Microsoft for $44,720 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. T b. She uses the specific identification method and she wants to minimize her current- year capital gain.
[The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2012 650 $ 35,750 4/20/2013 550 33,440 1/29/2014 750 36,450 11/02/2016 500 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. a. She uses the FIFO method.
[The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2012 650 $ 35,750 4/20/2013 550 33,440 1/29/2014 750 36,450 11/02/2016 500 27,100 If Dahlia sells 1,550 shares of Microsoft for $116,250 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her current-year capital gain
Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares 420 7/10/2013 4/20/2014 320 1/29/2015 520 11/02/2017 270 Basis $ 13,440 12,096 13,312 8,424 If Dahlia sells 860 shares of Microsoft for $44,720 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her current- year capital gain.
! Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares Basis 7/10/2013 4/20/2014 500 1/29/2015 11/02/2017 600 $ 30,000 27,900 700 450 30,520 22,140 If Dahlia sells 1,400 shares of Microsoft for $98,000 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain _
Required information [The following information applies to the questions displayed below.] Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares 7/10/2013 540 4/20/2014 440 1/29/2015 640 11/02/2017 390 Basis $ 23,760 21,912 24,064 16,848 If Dahlia sells 1,220 shares of Microsoft for $78,080 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. b. She uses the specific identification method and she wants to minimize her current-year capital gain. Capital gain Check my work
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock (Nasdaq: MSFT) over the years: Date Purchased Shares 560 460 660 410 7/10/2013 4/20/2014 1/29/2015 11/02/2017 If Dahlia sells 1,280 shares of Microsoft for $84,480 on December 20, 2023, what is her capital gain or loss in each of the following assumptions? Note: Do not round intermediate calculations. a. She uses the FIFO method. Basis $ 25,760 23,828 26,136 18,532 Capital gain ✓$ 193,556 X
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years: Date Purchased Shares Basis 7/10/2012 420 $ 13,440 4/20/2013 320 12,096 1/29/2014 520 13,312 11/02/2016 270 8,424 If Dahlia sells 860 shares of Microsoft for $44,720 on December 20, 2022, what is her capital gain or loss in each of the following assumptions? She used the FIFO Method.
For the last two years, Margaret Lane has Invested in the shares of Garod Inc. Details of her purchases and sales of these shares are as follows: Shares Purchased (Sold) Per Share Value January 2020 Purchase 300 $4.75 July 2020 Purchase 200 5.25 November 2020 Sale (250) 5.40 July 2021 Purchase 400 5.50 December 2021 Sale (150) 4.80 Determine Ms. Lane's taxable capital gains and allowable capital losses for 2020 and 2021.
Q. In 2009, SW purchased 1,000 shares of Delta stock. On May 20 of the current year it sold these shares for $90 per share. In each case in which SW purchased 1,200 Delta shares, compute its tax basis in the shares. b. SW’s cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on May 1 for $92 per share. c. SW’s cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share. d. SW’s cost basis in the 1,000 shares was $79 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share.